50 Morley Hill, Stanford Le Hope, Essex – 8 Bed HMO
8 Bed HMO which is let out to students from the Corringham School of performing arts, the rent now is £47,000 pa. The valuation of October 2022 is a commercial valuation.
Vendor has used the school of performing arts for the last 5 yrs as tenants and they have been 100% full every year.
On the market for £525,000 which is discounted from what the open market commercial value for this property is.
They need to move fast to help fund another development, it needs to be a cash buyer or experienced HMO landlord.
Excellent Off Market Investment Opportunity
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Buyers fee of 1% payable